American Airlines’ parent company, AMR Corporation, filed for Chapter 11 bankruptcy protection on Tuesday, surprising exactly no one. A major corporate bankruptcy is normally a bit of a shock, but there’s nothing shocking about bankruptcy in the…
This is why I removed all my assets from the “financial markets” nearly three years ago. Ok, I was a tad early, so sue me.
MF Global’s Customer Assets – STOLEN – And Nothing You Hold In This System Is Safe
This is a scandal of the first order, and …
Ken Courtis, former vice-chairman of Goldman Sachs (Asia) :
“Two of the great trends now under way will continue, with temporary interruptions, to create a world deeply wary of government debt and paper currencies, and putting all its faith in physi…
MarketWatch link
Excerpt:
• 5-10% Stocks (nongolds).
• 15-20% Commodities: via futures, commodity stocks &/or physical assets.
• 50% gold stocks & bullion: 15% blue chips, 5% junior, 5% bullion via futures, 25-35% in physical bullion.
•…